Cited by 1,286Decision-Making and Behavioral EconomicsRisk Perception and ManagementExperimental Behavioral Economics Studies

A Domain-Specific Risk-Taking (DOSPERT) scale for adult populations

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Blais, Ann-Renée, Weber, Elke U.·2006·Judgment and Decision Making

Abstract

This paper proposes a revised version of the original Domain-Specific Risk-Taking (DOSPERT) scale developed by Weber, Blais, and Betz (2002) that is shorter and applicable to a {broader range of ages, cultures, and educational levels}. It also provides a French translation of the revised scale. Using multilevel modeling, we investigated the risk-return relationship between apparent risk taking and risk perception in 5 risk domains. The results replicate previously noted differences in reported degree of risk taking and risk perception at the mean level of analysis. The multilevel modeling shows, more interestingly, that within-participants variation in risk taking across the 5 content domains of the scale was about 7 times as large as between-participants variation. We discuss the implications of our findings in terms of the person-situation debate related to risk attitude as a stable trait.

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  • A prior study found no evidence of a correlation between risk attitude measured by the DOSPERT scale and self-reported procrastination tendency measured by the Lay Procrastination Scale.

    “A prior study38 found no evidence of a correlation between the risk attitude measured by the Domain-Specific Risk-Taking (DOSPERT) scale39 and self-reported procrastination tendency measured by the Lay Procrastination Scale40.”

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Research works printed but not linked: 7

  1. Cohen, J., & Cohen, P. (1983). Applied multiple regression/correlation analysis for the behavioral sciences (2 nd ed.). Hillsdale, NJ: Erlbaum.
  2. Goldstein, H. (1995). Multilevel Statistical Models (2 nd ed.). NY: John Wiley & Sons.
  3. Johnson, J.G., Wilke, A., & Weber, E.U. (2004). Beyond a trait view of risk-taking: A domainspecific scale measuring risk perceptions, expected benefits, and perceived-risk attitude in German-speaking populations. Polish Psychological Bulletin, 35, 153-172.
  4. Nunally, J.C., & Bernstein, I.H. (1994). Psychometric Theory (3 rd ed.). NY: McGrawHill.
  5. Vandenberg, R.J., & Lance, C.E. (2000). A review and synthesis of the measurement invariance literature: Suggestions, practices, and recommendations for organizational research. Organizational Research Methods, 2, 4-69.
  6. Visser, P.S., Krosnick, J.A., & Lavrakas, P. (2000). Survey research. In H. T. Reis & C. M. Judd (Eds.), Handbook of research methods in social psychology. NY: Cambridge University Press.
  7. Wallsten, T. S., Pleskac, T. J., Lejuez, C. W., (2005). Modeling a sequential risk-taking task. Psychological Review, 112, 862 880 . http://www.pleskac.net/research/research/papers/wallsten\_pleskac\_lejuez\_2005\_BA RT.pdf

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Authors
Blais, A.-R., & Weber, E. U.
Affiliations
  • Defence Research and Development Canada (CA)
  • Columbia University (US)
Corresponding author
  • Blais, Ann-Renée
  • Weber, Elke U.
Venue
Judgment and Decision Making
Published
2006-07
Volume
1
Issue
1
Pages
33-47
ISSN
1930-2975 (ISSN-L)
OpenAlex
W2118185477
Cited by
1,286
References
42
Citations by year
2026: 95 · 2025: 88 · 2024: 80 · 2023: 108 · 2022: 105 · 2021: 113 · 2020: 98 · 2019: 73 · 2018: 88 · 2017: 74 · 2016: 76 · 2015: 65 · 2014: 61 · 2013: 37 · 2012: 48
FWCI
5.80
Type
journal article
Language
en
Open access
Locations
  • Judgment and Decision Making (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • SSRN Electronic Journal (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
  • Érudit documents and data repository (Érudit Consortium, University of Montreal) (submittedVersion)
Topics
  • Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
  • Social Sciences › Sociology and Political Science › Risk Perception and Management
  • Social Sciences › Safety Research › Experimental Behavioral Economics Studies
Keywords
risk-taking, risk perception, risk-return tradeoff, person-situation debate, trait stability, within-person variability, between-person variation, scale revision, French translation, adults

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